Vodafone Group Plc Annual Report for the year ended 31 March 2012

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Vodafone Group Plc Annual Report 2012 164 Non-GAAP information (continued) Organic change % M&A activity pps Foreign exchange pps 31 March 2011 Group Service revenue H2 2011 2.5 0.2 (1.5) 1.2 H1 2011 1.7 1.5 0.5 3.7 Change 0.8 (1.3) (2.0) (2.5) Revenue 2.8 0.8 (0.4) 3.2 Service revenue 2.1 0.9 (0.6) 2.4 Data revenue 26.4 1.2 (1.2) 26.4 Emerging markets service revenue 11.8 3.4 6.8 22.0 EBITDA (0.7) 1.4 (1.1) (0.4) Adjusted operating profit 1.8 2.5 (1.2) 3.1 Europe Service revenue for the six months ended 31 March 2011 (0.3) 0.2 (3.5) (3.6) Enterprise revenue 0.5 0.2 (3.2) (2.5) Germany – data revenue 27.9 – (5.1) 22.8 Germany – enterprise revenue 3.6 – (4.2) (0.6) Italy – data revenue 21.5 – (4.8) 16.7 Spain – data revenue 14.8 – (4.8) 10.0 Greece – service revenue (19.4) – (3.2) (22.6) Turkey – service revenue 28.9 3.6 2.7 35.2 Africa, Middle East and Asia Pacific South Africa – data revenue 3 41.8 9.5 15.6 66.9 Egypt – service revenue (0.8) – (1.0) (1.8) Ghana – service revenue 21.0 – 1.6 22.6 Indus Towers – contribution to India service revenue growth 1.7 – 0.1 1.8 Percentage point reduction in EBITDA margin (0.6) 1.0 (0.2) 0.2 Verizon Wireless 2 Revenue 6.0 – 2.6 8.6 Service revenue 5.8 – 2.6 8.4 EBITDA 6.7 (0.1) 2.7 9.3 Group’s share of result of Verizon Wireless 8.5 (0.1) 2.7 11.1 31 March 2010 Group Data revenue 19.3 6.9 6.8 33.0 Emerging markets service revenue 7.9 31.3 7.9 47.1 Notes: 1 “Other activity” includes the impact of M&A activity and the revision to intra-group roaming recharges from 1 October 2012. 2 Organic growth rates include the impact of a non-cash revenue adjustment which was recorded to properly defer previously recognised data revenue that will be earned and recognised in future periods. Excluding this the equivalent growth rates for service revenue, revenue, adjusted EBITDA and the Group’s share of result in Verizon Wireless would have been 6.8%*, 10.1%*, 6.7%* and 7.5%* (2011: 6.4%*, 6.6%*, 8.2%* and 10.8%*) respectively. 3 Data revenue in South Africa grew by 41.8%*. Excluding the impact of reclassifications between messaging and data revenue during the year, data revenue grew by 35.9%*. Reported change %
Form 20-F cross reference guide Vodafone Group Plc Annual Report 2012 165 The information in this document that is referenced in the following table is included in our annual report on Form 20-F for 2012 filed with the SEC (the “2012 Form 20-F”). The information in this document may be updated or supplemented at the time of filing with the SEC or later amended if necessary. No other information in this document is included in the 2012 Form 20-F or incorporated by reference into any filings by us under the Securities Act. Please see “Documents on display” on page 154 for information on how to access the 2012 Form 20-F as filed with the SEC. The 2012 Form 20-F has not been approved or disapproved by the SEC nor has the SEC passed judgement upon the adequacy or accuracy of the 2012 Form 20-F. Item Form 20-F caption Location in this document Page 1 Identity of directors, senior management and advisers Not applicable – 2 Offer statistics and expected timetable Not applicable – 3 Key information 3A Selected financial data Selected financial data 172 Shareholder information – Inflation and foreign currency translation 151 3B Capitalisation and indebtedness Not applicable – 3C Reasons for the offer and use of proceeds Not applicable – 3D Risk factors Principal risk factors and uncertainties 51 to 53 4 Information on the Company 4A History and development of the company History and development 157 Contact details Back cover 4B Business overview Who we are 2 to 3 What we do and how we do it 4 to 5 Where we do it 6 to 7 Where we are heading 8 to 9 How we’re doing 10 to 11 Industry trends 18 to 19 How we do business 20 to 21 Strategy: mobile data 22 to 25 Strategy: enterprise and total communications 28 to 29 Strategy: new services 30 to 31 Operating results 40 to 49 Regulation 158 to 161 4C Organisational structure Note 12 “Principal subsidiaries” 118 Note 13 “Investments in joint ventures” 119 Note 14 “Investments in associates” 120 Note 15 “Other investments” 120 4D Property, plant and equipment What we do and how we do it 4 to 5 How we do business 20 to 21 Financial position and resources 54 to 59 Sustainable business 36 to 37 4A Unresolved staff comments None – 5 Operating and financial review and prospects 5A Operating results Operating results 40 to 49 Note 22 “Borrowings” 128 Shareholder information – Inflation and foreign currency translation 151 Regulation 158 to 161 5B Liquidity and capital resources Financial position and resources – Liquidity and capital resources 55 to 59 Note 21 “Capital and financial risk management” 124 Note 22 “Borrowings” 128 5C Research and development, Strategy: mobile data 22 to 25 patents and licences, etc Note 4 “Operating profit” 108 Regulation – Licences 161 5D Trend information Chief Executive’s review 14 to 17 Industry trends 18 to 19 5E Off-balance sheet arrangements Financial position and resources – Off-balance sheet arrangements 59 Note 28 “Commitments” 137 Note 29 “Contingent liabilities” 138 5F Tabular disclosure of contractual obligations Financial position and resources – Contractual obligations and contingencies 54 5G Safe harbor Forward-looking statements 168 to 169 Business review Performance Governance Financials Additional information
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Vodafone Group Plc Annual Report for the year ended 31 March 2012

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